Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Reconciliation of Numerator and Denominator of Basic and Diluted Earnings (Loss) Per Share Computations

The following table reconciles the numerator (i.e., income) and denominator (i.e., shares) of the basic and diluted earnings (loss) per share computations for the periods presented (in thousands, except per share data):


	Three Months Ended March 31,
	2023		2022
Numerator for EPS:
Net income (loss)	$	24,173	$	17,537
Less: Preferred stock dividends	(3)		(3)
Income (loss) available to common stockholders	$	24,170	$	17,534
Denominator for EPS:
Weighted average common shares outstanding	30,382		31,147
Plus: Assumed conversion of share-based compensation (1)	219		55
Assumed conversion of preferred stock	25		25
Weighted average diluted common shares outstanding	30,626		31,227
Basic earnings (loss) per common share	$	0.80	$	0.56
Diluted earnings (loss) per common share	$	0.79	$	0.56


(1)						Represents the dilutive effect of common shares issuable upon the exercise of stock options, non-vested performance share units, non-vested restricted stock units and non-vested restricted stock.